# Wheat Spike - AG INFORMATION NETWORK OF THE WEST

> Local wheat prices in Idaho jumped 32 cents in one day as heavy rain and drought in Europe and the Black Sea lifted Paris and US futures. Paris December wheat traded near record levels, and Russian and Ukrainian output expectations were cut.

- Date: 2018-08-02 · published 2018-08-02T12:00:00.000Z
- Category: weather · region Black Sea · magnitude medium
- Page: https://feedsoft.ai/events/9688-wheat-spike-ag-information-network-of-the-west
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Reduced European, Black Sea and Russian output tightens export supplies, supporting wheat prices in both world and local markets.

## Read by commodity

- WHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2017-05-18 | [Poor Winter Wheat - AG INFORMATION NETWORK OF THE WEST](https://feedsoft.ai/events/10220-poor-winter-wheat-ag-information-network-of-the-west.md) | +3.0% | +1.9% |
| WHEAT | 2019-06-04 | [Marketline Report for Tuesday, June 4th - AG INFORMATION NETWORK OF THE WEST](https://feedsoft.ai/events/8682-marketline-report-for-tuesday-june-4th-ag-information-network-of-the-west.md) | +2.7% | -4.0% |
| WHEAT | 2024-04-29 | [The Latest News About the U.S. Wheat Crop](https://feedsoft.ai/events/30782-the-latest-news-about-the-u-s-wheat-crop.md) | -1.8% | +21.1% |
| WHEAT | 2020-02-19 | [The reduction in sowing areas of winter wheat in the EU almost does not reduce the crop in the new season](https://feedsoft.ai/events/54537-the-reduction-in-sowing-areas-of-winter-wheat-in-the-eu-almost-does-not-reduce.md) | -1.6% | -0.8% |
| WHEAT | 2023-05-29 | [Corn, Soybeans and Wheat in the Grips of Drought - AgWeb](https://feedsoft.ai/events/13276-corn-soybeans-and-wheat-in-the-grips-of-drought-agweb.md) | -1.4% | -1.7% |

## Sources

- aginfo.net: https://www.aginfo.net/report/40551/Idaho-Ag-Today/Wheat-Spike

---
Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.